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what is happening in the united states with a wary eye, cnn international anchor jim clancy is with me now. jim, this is such a hyper-focused american problem and yet it's really a problem for the whole world. >> it definitely is. if mitch mcconnell is looking for a dance partner. the united states is the dance partner for the entire world. the markets hate uncertainty what they hate even more is steering abject failure square in the face. those markets are going to open up in four or five hours' time we should see some limited reaction in asia. but perhaps not yet. it's still uncertain what is going to happen here. there's a huge stake. everyone realizes. europe has got its problems. germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is reall
the story of the civil war at sea and on the rivers, jim, you were putting the finishing touches on your new book. craig, you were preparing four book for publication as well, and now both dish have to do this the way they do on the talk shows -- so, now, james mcpherson's war on the waters, the union and confederate navies, 1861 to 1865, and craig's civil war at sea, both very handsomely done, and it's good because we get to resume our conversation. we barely broke the surface. let's get right to it. because we spoke for an hour last time and we got to about january of 1862. so i'll assume you all know about 1861. and get to something that jim pointed out in his book, which i found rather interesting, and that is that 150 years ago this month, eye side from all the other things going on, including the first shudders of the realization that lincoln had actually promulgated an emancipation proclaimation. the blockade was in force in confederate ports. the union had chanced the bombardment of the city of vicksburg, and new orleans had fallen. the tennessee, cumberland, and mississippi rivers s
something's coming. if afternoon, everybody. i'm jim handly. >> and i'm erica gonzales. what do you say for the weekend, doug? >> erica, jim, jim, you said it perfectly. something is coming. it may not be snow, it may not be rain. it all depends on where you are. the big news is this is not a big storm. even if it's all storm, we are not expecting a lot of it. current, at about 6:00 miles an hour, that puts our windchill at 38 degrees. very chili around the region. and around the rockville area, down towards la plata. the warm spot is fredericksburg at 45. we will see numbers continue to cool. you can see that storm down to the south and west. we're going to be watching this one very closely. rain on the south side of it, snow on the north side of it. here is the storm making its way our way. it will continue to do so as we may our way through the night tonight. i do expect some of you to stay all snow while others could be all rain. who's going to get what? that's what we're trying to nail down right now. i'll show you what i think in a minute. >>> thank you so much, doug. people i
, breaks from the system and makes it very -- has anyone seen big jim mcclain? it's a great movie to go and cnn fact if you have time tonight, if you go to youtube and click into the box, john wayne beats up commies, you will get the final scene of big jim mcclain and you can watch it. it's truly an enjoyable moment. the storyline of big jim mcclain which comes out during this time the election is kind of heating up and by the way john wayne is a political character. is very big in reelecting mccarthy movement. he is often asked after the tend -- convention, what do you think about the ticket and mccarthy says perfectly, i think dick nixon moment to find vice president. no mention of eisenhower because he doesn't really like eisenhower and doesn't fill comfortable with eisenhower. that is the person that wayne is the biggest and supporter. dick jim mcclain comes in 1950 to come the story of a tough guy, big jim and constantly member -- mentions that his six feet three inches on many occasions. he is working for the house un-american activities committee, big jim and big jim goes out to
duck session of congress. >> or, jim, as they call the grand bargain or the big deal. are those days dead given where we are? we really aren't going to be very different in this new congress. most of the congress felt that they were left out of these negotiations. it's all about the leadership anyway. >> one of the ironies is that the republicans left on the table what would have been a much more advantageous deal more than a year ago and the president was bending to a far greater extent. they spurned that and boxed into a corner and now tomorrow you'll have the president sunning in hawaii while john boehner is trying to twist some arms to get reelected speaker when the republicans meet. but one should also note here in that list, one thing i think you left out and surely unintentionally is what's going to happen for payroll taxes. for the average person, you're going to pay about a thousand dollars more and that's a lot of money for people to maybe $40,000, to $50,000 a year. you could argue they are losers here, too. >> we're going to do a whole segment on that later in the program
[ ♪ theme ♪ ] >> yeah, it's "the stephanie miller show." this is chris. that is jim. >> chris is sick as a dog and stephanie's not here. >> it will be a wonderful show today. we only had a day off the fiscal cliff. so there's that. representative john boehner told senator reid to go f himself. twice. >> really? >> according to the folks at politico. so i'm shush we'll be talking about that if stephanie gets here. hoping and praying she gets here. happy new year to everyone out there. yeah, jacki schechner -- >> happy new year. >> happy new year to you too. >> some things don't change. you like to step all over my news before i start. >> oh, geez, did i do that? oh god! okay. there's stephanie. >> stephanie: happy new year. >> let's go to jacki schechner in the current news year. >> whatever, steph. thanks for joining us! good morning everyone. happy new year to you. not only did congress wait until the very last minute to come to a deal to stave off the fiscal cliff but by all accounts,
down the hatches. >> i'm sorry, jim. i to be the subsidy to pbs. i like pbs. i love big bird. bought us binders full of women. >> governor, we also have fewer horses and bayon i don't know i don't know nets. >> big bird. >> binders. >> i just called president obama to congratulate him. >> i congratulated him and paul ryan on a hard fought campaign. >> i prey that the president will successf fuful in guiding nation. >> we are an american family and we rise or fall together. the task of perfecting our union moves forward. >>> tonight we are celebrating the year in the news, the winnersnd the losers, the person of the year and we will handout the donald trump award to the person who has embarrassed him or herself the most this year. all right. let's start with the most valuable player of the 2012 presidential campaign. alex wagner, the most valuable player of the 2012 campaign. >> in my book, it's david pluf. i think this is a line in the sand for american campaign politics. i think, you know, you said beginnings of what with dean and certainly obama .10. >> crystal, most valuable player o
down the hatches. >> i'm sorry, jim, i'm going to stop the subsidy to pbs. >> i like pbs, i love big bird. >> they brought us binders full of women. >> big bird. >> horses and bayonets. >> oh yeah ♪ ♪ >> i just called president obama to congratulate him. >> i congratulated him and paul ryan on a hard-fought campaign. >> i pray that the president will be successful in guiding our nation. >> we are an american family, and we rise or fall together. the task of perfecting our union moving forward. >> tonight, we are celebrating the year in the news, the winners, the losers, the person of the year. and we will hand out the donald trump award. all right, let's start with the most valuable player of 2012, alex wagner. >> in my book, it is david, you saw the beginnings, with dean, and obama. >> krystal? the most valuable player? >> probably to waiter who placed the camera at the mitt romney fundraiser and captured the 47% comments, which i think showed a lot of people their concerns about mitt romney and the fact he really was not there for all of america. that he didn't understand the p
. marco rubio, mike pence, jeb bush, and soon to be former senator from south carolina jim demint. joining me now, our end of the year gaggle, crystal lizza, perry bacon, stephanie cutter was the deputy campaign manager for obama's campaign, and madden was a senior adviser for romney's campaign. hello. happy new year, although we asked all of you to pick, i threw out my dozen and i asked you to pick two you were going to feedback. we're not going to do the 2016 conversation now, but we'll do it in a few minutes. who are the few who jumped out at you? >> i'm a little nierdy, so i picked michael bennet, the colorado senator, because he's the head of the committee which means he's tasked with trying to again keep a democratic senate majority, going to be difficult. you have 20 democratic seats up, only 10 republican seats up. >> and he wants to be senate majority leader some day. >> they asked him two years ago. he said no. he said yes this time. >> you also said pence. why pence? >> he spent time in congress. he's now the governor of indiana. i think he's a guy who we underrate in terms of h
ambassadors and jim pinkerton and fox news political analyst. juan williams. i'm jon scott. fox news watch is on right now. >> we can now definitively say that president barack obama will be re-elected, mitt romney will come up a loser in this race. >> jon: the billing media story of the year, the presidential election. that was how it ended. barack obama beating mitt romney and an end to a bitter season that started early with the g.o.p. primaries and events like this. >> we saw some of this black church in south carolina where a woman asked you why you referred a president obama as the food stamp president. it sounds as if you are suitcase to go belittle people. >> first of all, juan, the fact is that more people have been put on food stamps by barack obama than any president in american history. [ cheers and applause ] >> i know among the political kli correct and i'm supposed to you use facts that are uncomfortable. [ laughter ] >> so that was just part of a long and memorable primary season. juan, is that your highlight of the year. [ laughter ] >> my highlight? it is telling again fo
is in the united states of america. [laughter] also jim jones, bernie madoff and all of those claiming by and let your faith they can supervene the natural law and if there were such a thing as historical necessity, why in the world what we have to aide? portion of a human being but claimed they would save under us these ideologues and opportunist visionaries fugs seem to lead that they actually emerge from and right from the power and held by the mass confusion of the unbalanced group. the political impulse to the submission for all of those explained is more reasonable than out motive forms represented the government religion and culture may also be seen to the impulse buy those in extremists to seek out magic. the quiet of the psychic healer and energy for their past and the worshiper of the political strongman trade autonomy for magic. but the power of the magic feathers and beads and stimulus might the resurrection cannot be attempted without sacrifice. here the sacrifice of reason, the contemporary equivalent of dashing the flesh to make it rain. of course it implies a supranatural recipien
films. has anyone seen big jim mcclain? it's a great movie to go and see, and in fact if you have time tonight, if you go to youtube and put into the bongs, john wayne beats up come -- commies, you'll get the final scene because it's a truly enjoyable moment. what the storyline -- comes our during the time the election is heating up, and by the way, john wayne is a political character. he is very big in the re-elect mccarthy movement. he is also asked after the convention, hey, what do you think about the ticket? and mccarthy says, perfectly, i think that dick nixon will make a fine vice president. no mention of eisenhower because he doesn't like eisenhower. that's joseph mccarthy but that's the person that wayne is big nest port of. and big jim is a story of a tough guy, big jim, constantly mentioned he is 6'3" or something like that throughout the movie. he is working for the house on american activities committee. this is big jim. and big jim goes out to hawaii to break up a communist spy ring. that is mostly made up of doctors in hawaii. and in the end what he does is he finds wher
gone, but some other coaches that might have some worries here, jim schwarz in detroit, daley in buffalo, the list goes on. and tomorrow is an interesting day in the nfl and none of it has to do with action on the field. >> harris: peter, we appreciate you coming in on this sunday night, the last one of 2012, to bring us all the news. >> there you go. >> harris: about the nfl. >> a great year, harris. >> harris: fun to be with you. we've got to get back to breaking news, on the record, statements from the office now of secretary clinton, that the doctor have discovered our secretary of state has a blood clot that had formed stemming from the concussion she sustained several weeks ago. she's being treated with anticoagulants and is at new york presbyterian hospital so that they can monitor the medication over the next 48 hours. thank you so much for bein trying to get a vote, trying to get it together. huck uh key starts -- huck uh booy starts now. >>> out with the old and in with the new. what does 2013 have in store? obama care. over a third of the states won't set up exchang
meteorologist jim dickey is tracking that storm. jim, who is going to get it first? >> seeing the snow right now already across southern illinois and southern, indiana. with the storm, not packing the punch that its predecessor did but still a wide swath of snow across the ohio valley spreading its way north and eastward and then the cold front with the system putting down substantial rainfall. good news is nothing in the way of severe weather reports or reports of damage like we saw with the storm the day after christmas. moves east ward and the heavy rain tracking into the florida panhandle right now. reds and yellows marking the heaviest precipitation. with that further northward sold air in place. the heaviest band of snow the darking blue shade stretches from indianapolis down south of st. louis and that will move north and eastward as we head through the night. the first moves into pennsylvania and weakened and then transfer energy to a system that is going to roll up the coast but that happens too late for this to be a major snowmaker for most of us here. a wide swath of snow from the sto
a bull market somewhere. i promise to find it for you here on "mad money." i'm jim cramer. see you tomorrow. >>> coming up on "worldwide exchange," retail reality check. it's the day after christmas, early data shows the slowest growth in spending since 2008 this holiday season. we're crunching the numbers for you. >>> the u.s. is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold
investment portfolio. jim awad, a longtime manager. sean egan knows a thing or two about credit ratings, the founder of an independent rating agency not paid by the corporate issuers that it rates. sean, your firm was quick to downgrade the u.s. credit rating last year. if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no. our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 trillion for the current year. so we view this whole wrangling as a positive, that it's the first step to solving a problem is recognizing it. most people in washington and throughout the country are recognizing the immediate problem of the federal budget deficit. >> that is a remarkably glass-half-full view of the world, sean. i appreciate that. let me take a look at world borrowing costs. this is a gauge of how investors feel about a given country. sovereign debt. if you're buying bonds of a co
there. our coverage continues with accuweather and meteorologist jim dicky. good morning, jim. >> good morning. our next storm system taking shape through the day. in the form of two storms. one area of low pressure rolling out of the gulf of mexico, bringing rain to the lower mississippi valley. stronger storms in the afternoon in southern louisiana. and a weak area of low pressure tracks its way out of the midwest, bringing light snow across the great lakes. the two combine forces here. through the night, we'll see 1 to 3 inches in the ohio valley. brandi and muhammad, back to you. >>> in pasadena, california, not only are the stanford cardinals and the wisconsin badgers getting ready for tuesday's rose bowl game, workers are putting together the beautiful floats that will be in the tournament of roses parade. >> this is so cool to see in person behind the scenes. 41 floats will be part of the parade. these are really just the finishing touches. the work started on most of the floats after the rose parade back in january. yeah, they start then. amazingly, each float will be decorated
to get that in. sorry, jim. >> thank, brian. happy new year. >> happy new year. >>> police are on the scene of a serious crash involving one of their own officers. news4's keith russell is at the live desk as more details are coming in. >> pat, a prince william county motorcycle officer is in serious condition after colliding with a minivan late this afternoon. the vehicles caught fire. we do not know whether the people inside the van were hurt. the lanes are closed in all directions at the scene. investigators are still working to find out what caused the crash. we have a news4 crew on the way. we'll have a live report at 5:00. jim, pat, back to you. >> thanks, keith. >>> new year's preparations under way in new york city. right now a live look at times square, where crews are getting geared up for the midnight ball to drop. back here at home, there's already some celebrating going on. news4's tony tull has a look at what's happening at first night in old town alexandria. >> reporter: it was a quiet more here in old town alexandria, but the sign in this bookstore displays
in to sierra. >> jammed mcalpine snowball .com joins us over the phone. >> and jim can you hear me. we would need a couple of minutes to establish our phone connection with gm. i do not hear anything. it is not happening. >> we will come back to jim in a few minutes. >> the conditions are fabulous. to get there you do need chains. the avalanche warning has expired and salt. there8 in fai >> now we have at jim mcalpine. >> tons of snow! >> i will start with kirk would of over 7 ft.. the snow bomb guy i will put my word on 10 ft. of new snow at every tahoe resort. >> is the issue dressed up as santa claus? >> no, unfortunately not. >> the ski conditions are so good it is also to report almost every resort has all with spending. >> we just saw a shot where traffic was at a standstill. the chain of cars the cars with their change or driving in and pretty slow going. >>--wis chaith chains. >> i say it is fine if there is a crowd. that means it is a good idea. >> exactly. with intense heat of new snow is amazing and so much fun. i have to remind everyone it can be dangerous. two people over the la
? a nasty winter storm hitting many states in recent days. jim cantore in mobile, alabama. twisters hit yesterday, quite a few, i think, right, jim? >> reporter: yeah. the storm prediction center says 34, our severe weather expert who tracks tornadoes and sees which are duplicated says 19. which for whatever it's worth is a record day for tornadoes on christmas. the previous record was 1969 with 12 tornadoes. guys, here's the deal. now we have tornado season in the middle of winter. and that seems to be what happens nowadays. you see behind me this church was pretty heavily damaged. look at the roof. two sections ripped off. then dropped below. and given the fact that this debris was just dropped off down here, i'm going to probably estimate these winds somewhere in the 90 to 100 mile-per-hour range. so probably ef-1, maybe ef-2 damage. they typically go along the tornado path and look at the damage to assess an actual rating if you will in terms of what that damage is. behind me, a lot of cleanup here on dauphin street. the crews will be cleaning the debris. you see the power lines han
, jim, and i had a chance to visit troops in afghanistan on three separate occasions, meeting them in challah halls, carriers, and helicopters, those enthusiastic young men and women yet to be born when neil walked on the moon were mesmerized by his presence. in a typical neil fashion, he would always walk in, introduce himself, as if they did not know who he was, shaked each and every hand, and he would always give them, "hey. how are you guys doing?" as one increase of the marine, "mr. armstrong, why are you here?" neil's thoughtful and sincerely honest reply was "because you are here." he was special to these young kids and to a few older ones, as well. deeply proud to be a navy aviator, as a civilian at the time he flew, neil never received his astronaut wings. it was a tradition of those in the military. it was on the uss eisenhower back on 2010 on our way to afghanistan that we finally received -- that he'd received the tribute that he deserved. his visibly, visibly moved response said it all, and i quote, "i have never been more proud than when i earned my navy wings of gold
at this point gone up about $8.90, $1,664.80 an ounce. by the way, we have jim o'neill coming up in just a moment. we also have pimco's mow hammel el-erian. >>> steve sedgwick is standing by in london right now. how are things standing by there? >> it's a very quiet session as we saw last week on the u.s. and the european incidentsies. despite the fact that the vix in the united states and the v-stocks and the various volatility measures on this side of the atlantic remain elevated. despite that, we're not seeing a lot of oscillation on the back of, as you said, the fiscal cliff and concerns that we may fall off. does that mean that people are getting complacent? they think even though we might not get a deal in the next 24 hours, we will get a deal fairly imminently. in the meantime, though, this is what we've got in terms of the major european indices. that will open and the germans will come to that in a few minutes' time it has been up year-to-date around about 6% and that makes the ftse 100 a real lagger compared with some of its european peers. a laggard, as well, compared to the c
now you are listening to jim rand, democrat from maryland. let's listen in. >> we will have none of those resources to make that investment after we make this vote tonight. and the problem is we set up three more fiscal cliffs. we are going to have to deal with the debt ceiling. we are going to have to deal with the continuing resolution. expiration. and we will have to deal with the sequester. and all that is left is spending cuts so the only question we have to ask ourselves is what programs do we cut and how deep do we cut them? we got to look back on this night and regret it not withstanding the fact that 95% of it apparently will vote for it. thank you, mr. chairman. >> i'm prepared to close. >> the gentleman from michigan, mr. levin. >> i now yield one minute to the gentleman from new york. >> bret: i said jim moran from maryland. from virginia. heated up about the fiscal cliff debates yet to come. and he is right. one will start just after this one if in fact this bill passes because the debt ceiling debate will begin soon after that as we talked about tonight with the pan
there is always a bull market somewhere, and i promise to find it just for you, right here on "mad money." i'm jim cramer, and i will see you monday. done. it's the right thing to do for our families, for our businesses and for our entire economy. but the hour for immediate action is here. it is now. >> the president correctly says the time for immediate action is now. apparently not his immediate action, though, with the nation facing a crippling fiscal cliff in just three days, the president calls congressional leaders together and says, you fix it. no, he doesn't offer any new plan from the white house, no compromise. instead the president tells the senate to come up with a deal and the same senate that hasn't passed a budget in years. and the marks don't like it at all, 158 points now tanking and falling further in the after market and we'll have to see how asia opens on monday. it could be ugly. the headlines are falling fast and furious. we're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple
's confronted with the question by jim on the evening news and asked about the scandal and he said there is no sexual relationship. he's weak, he's vacillating and using the present tense verb. everyone gets worried at that point. then hilary once again steps in and goes on the "today" shows and says is part of a vast right-wing conspiracy. it is. but it's more than that. she stiffen his spine basically puts him in a position of outright denial and for six months he's successful and he basically buys time and the american people become more comfortable to the idea of a president who may have actually done this. when finally he has a testify before a federal grand jury, quote, unquote unappropriate relationship. hilary had to make a final decision of her life as to whether to rescue him again. he told her, yes i did have a relationship with her. and it was a terrible thing i did, and he asked for forgiveness. for the last time she saidly standby you. ly stick by you. i will not abandon you. that is pivotal. that is pivotal. it's a moment in time when a number of senators, democrat a
ice. case in point, take a look at this from monroe county, michigan. jim swayze was walking his dogs when one of them went out on the ice and fell in. rescue crews were able to get man and best friend to safety. good to see. >> amazing. glad he made it out okay. >>> that monster winter storm is now being blamed for east 16 deaths. as heavy snow fell on pittsburgh, air travelers suffered through cancellations and lengthy delays. an american airlines plane ran over a snow patch in pittsburgh and got stuck on the runway for nearly three hours. wouldn't want to be on that flight. and one up to hit by hurricane sandy was under water once again. in sea bright, new jersey, heavy tide filled basements with flad waters several feet deep. and in the south, tornado survivors are cleaning up the damage as abc's matt gutman has this report. >> reporter: this video from a wall greens from here in mobile showing is very gut of a tornado. the wind first blasts around debris. then the funnel, dense with debr debris, begins sucking in cars, slamming them down. inside, this man in uniform, poking his h
, the sequestration, and the debt ceiling, it is the main reason why democratic congressman jim moran opposed this bill. we will hear from him in the next half-hour. but again, it was a late night here on capitol hill. we should be getting used to that in the year 2013. back to you. >> surae chinn reporting live from capitol hill. >>> at 6:03, jessica doyle still watching your money report and the fiscal cliff. >> and the fight we should continue to expect with congress having several other hurdles to deal with. >> our money problems are far from over. in fact, they're just really beginning for this new year. it is a great quote very for you to sum up the year ahead. this comes from a december 27th blog on the tax policy center website. quote: it looks as if lawmakers will spend 2013 staggering from crisis to crisis not unlike a bunch of nasty drunks weaving their way from barroom to barroom. so what type of crisis are we talking about here? we'll run through the timeline. right now the country is employing a bunch of accounting tricks to keep paying the bills after we slammed our head into t
for another round of snow. >> for more on the snow and air, we'll turn to meteorologist jim dicky. >> good morning. a cold morning on tap in new england. many spots in single digits. these are the lows here. as we switch over to the highs in the north central portion of the country, only at 9 in minneapolis and bismarck. 14 your high in pierre. arctic air is surging its way out of canada. paula and john, back to you. >> quite colder than 35 here in new york when i was bringing that coffee for you this morning, walking back from the starbucks. >> i appreciate the coffee. thank you. i was just waiting for some snow to accumulate in the city because i've been bribing my children to be on their best behavior so we can make snow angels. >> central park? >> i was like, you have to take a nap. if you wake up early, we eastern not going to go outside because i was anticipating accumulation, but didn't get one. >> playing in central park is awesome. >>> let's talk about a latest terror threat from al qaeda in yemen, putting the bounty on the heads of u.s. ambassadors and american soldiers. a video
than goodbye increasing taxes on businesses and decreasing jobs. i spoke with oklahoma senator jim enhoff earlier. senator enhoff, you issued a report on the damage that will be done to america's economy if president obama is able to push through by regulation, not legislation, but regulation his so-called greenish -- green initiative. let's talk about what happens to this country's economy and jobs if that happens. >> governor, first of all, i did that before the election. these are the regulations that he was going to impose, but he is waiting until after the election to do it for obvious reasons. all of these people will lose their jobs. he didn't want them to know that before the election. to put it in proper perspective, i think most people know that the deficit was really that came from the budget of the president, $5.3 trillion deficit. people understand that. they know about his war on fossil fuels. here we are in a position of having the most recoverable fossil fuels reserves of any country in the world. we could be totally independent in a matter of weeks, and he won't le
of us lived this one, the wild ride to election day, 2012. cnn national political correspondent jim acosta has more on the story. >> reporter: the year started off with a surprise in a sweater vest. counting down the top campaign stories of the year at number ten, the primaries. rick santorum's stunning performance in the iowa caucuses. >> game on. >> reporter: kicked off a battle for the republican nomination that few in washington had expected. the gop's odds on favorite, mitt romney, stumbled in some of the early contests. >> i like being able to fire people that provide services to me. >> reporter: he refused to release his tax returns, allowing another rival, newt gingrich, to take south carolina. >> we proved here in south carolina, that people power with the right ideas beats big money. >> reporter: but that big money eventually cleared the field. and romney set his sights on the president. >> it is still about the economy. and we arestupid. >> reporter: at number nine, bain. not that one. that one. almost as soon as romney had locked up the nomination, his former private inv
. the dax is higher by 2%. italy up 3.5%. but of course, jim, what a two-day streak of gains we will see here on the market. >> i think that we're set up to go higher. i also want to caution -- i don't like to buy up 2%, 3%. that's never been a terrific way to get the year started. there's a lot of money coming in. i do want to be optimistic about 2013, because i felt that what was going to happen was capital gains could go up more, defense could go up a lot more. i was fearful going over the cliff. i can immediately switch to the debt ceiling and be negative and want to cry. but i want to focus on the fact that we got something good that happened. i know no one liked the deal. that's what happens. that's what compromise is about. >> exactly. >> you're not supposed to like a compromise deal. >> i agree. listen, it's a time to be optimistic. i love the tweet this morning that let's put d.c. on the back burner a bit, and put the stock price where it's supposed to be, which is future earnings. >> we'll get there in one 1/2 months when the sequester is over, when we'll have to deal with the
, that is next. and jim paulson tells us why he's expecting a 15 to 20% gain for the s&p 500 in 2013. looks like we're going to lose 10.5 on the s&p right at the open. more "squawk on the street," right ahead. p for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male a
's in store with our guest host, doug, and wells capital cio, jim paulson. >> it's the day after new year. we hope you make "squawk box" your friend every morning. ♪ >>> as we get ready for another exciting year of business news, "squawk box"'s second hour starts right now. >>> good morning. welcome to swaub "squawk box" o. i'm andrew sorkin with becky and joe. the dow looks like it would open 156 points higher, nasdaq up 40 points and s&p 500 would open up 22 points higher after some talk of an amended deal that would have to go back to the senate, the house eventually did pass the senate's bill with no changes. it raises taxes on the highest earners for spending in two months. much more on this in a moment. other news, we have the first big takeover deal belongs to avis budget group buying zipcar for $12.25 a share. nearly a 50% premium for zipcar shareholders. it may be another good year for the auto industry. 15.3 million new vehicle registrations this year helped by 43 new models rolling into showroom and 63 newly designed vehicles. >>> more on the fiscal cliff passed last night by the
that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make more than $250,000. the proposal known as plan b didn't work. it will remain to be seen if the smaller plan will. either way the countdown to the if you year could be very costly. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior
. people were calling for jim has left tt's head early in the season. to get this done somehow on the biggest stage last night, prime time, tip your cap if you're wearing00 today to him and that defense. we'll try to track down lorenzo alexander tomorrow. we'll let the guys sleep in a little bit tonight as they get ready for seattle next week coming in here again. it does feel like prince in 1999. we'll rock some purple. >> all right, dave ross. >> thank you. >>> let's in the forget to give the redskins faithful had some credit. 4,000 fans turned out to watch the redskins beat the dallas cow bows and there are the millions that watched at home and in sports bars as well. audrey barnes talked with some of the excited fans at a bar in northwest d.c. >> reporter: what about alfred morris getting the season rushing record? >> the other great rookie on the team. he is amazing. he is fantastic. >> really good crop this year. >> you've been excited watching the game. what is your favorite high height? >> i think deangelo holiday's coverage has been on point. i'm excited about how he i
until wednesday. >>> same-sex marriage isn't the only new law taking effect this week. jim rosen field is at the super-screen with details on other legislation. >> there are a couple new laws that impact people of all ages in maryland. one is the first law of its kind in the entire country. it's important for parents to know about. it's the child identity lock law. here's how it would work. it lets parents freeze a child's credit at any time to help protect from fraud. up until now, parents could only request a freeze if their child had an existing credit report, a the which point it might be too late for act, because if a child has a credit report, it likely means he or she is already a victim. >>> a veterans license will cost $20 unless you wait for your license renewal date, then it's free. angie and jim? >>> thanks. a man with a gun shot through the window of a local school. now police need your help to catch him. take a look at this picture in woodbridge, virginia. this is the man who police tell us used a handgun to shoot out the window. no one was inside the school. staff notice
honor you. and then, finally, we're also going to be losing jim webb and jim demint. jim, as we all know, jim webb came here, did something very few freshmen can do by getting a major new piece of legislation passed, the new g.i. bill, and on the committee he's been really critical to our thinking about the far east. he was the first american to visit burma in ten years, and i'm proud to say i think i may have been the one who was there before that, but he changed the policy, he knew we had to lift the sanctions and move it, and his contribution to thinking about the trans-pacific partnership, the continued efforts on vietnam mias has been a superb contribution. he's a great thinker, and we appreciate his service. and jim demint, jim demint and i have, obviously, disagreed on a number of treaties and initiatives in front of the committee, bun of the great things about -- but one of the great things about jim demint is you know where he stands. he knows what he believes, we do. he's been a terrific advocate for his point of view, and we're confident that in his, in the new hat that he's g
, the migration, jim crow, the depression and that all their steps forward and steps backward reflect if of who we are. so i think i thought about it like that. >> actually i was wondering if you thought of it as a smaller project? in other words not that you would not have to put in context the individuals that make family tree and some of whom we see scrolling behind us but it strikes me in the writing of the book that it contained a social history, that it was a black wife, broke -- both rural urban, southern sweeping and it was intimate. i was just wondering, did that scale happen as a result of the actual research when you put pen to paper fingertip to keyboard and you thought, this is much more than i thought it would be when i set out to do this? >> i think that i always had an idea that her family was reflect that, but you are right that when you are in it it becomes something else. one of the things that actually is a practical matter as a writer which became clear to me is that when you are digging back this far you don't have the voices that you need to bring the story to life. and some
on for years in iowa. my former colleague, jim leach and i had written about that. it is happening in california, arizona, and even a little in florida. that is part of the problem, because democrats, nationally, got more than 1 million more votes than republicans who ran for the house of representatives. yet they come into this with a 35-vote margin. there are some areas where in north carolina there were more votes for democrats than republicans, but there are only 27% of the representatives are democrats. that is part of the problem. it confuses the notion about mandates. after all, the allwon decisively. -- the president won decisively. the senate pickup ground. it does not sound like much of a national mandate to continue the policies of the republicans over the last decade or so. host: david is our next caller in ohio, republican. caller: good morning. being a regular person on a budget, i can only get the things i can pay for. i would love to be able to buy erraris or newr ou houses or all kinds of things they would love to have. due to my budget, i am not able to do that. t
, jim. caller: i'm calling from georgetown, texas. senator schumer proposed a $1 million cut off. reid and durbin did not go along with that. no entitlement cuts and we have $16 chilean debt and everybody -- $16 trillion debt and everybody keeps spending. don't we have to pay this debt down? host: the debt is $16.3 tr illion. another looming deadline. the treasury department can extend the deadline for the next month or two. part of the dynamics in the negotiations. front page of "the washington times." is the brink" cutline. host: harry reid had this to say on the senate floor. [video clip] >> the american people do not understand. the house is operating without the house of representatives. it is being operated with a dictatorship by the speaker. if the $250,000 would be brought would pass. speed brainer could've brought legislation to the house and it would have passed. host: gcomments by harry reid. the senate is in session today. bill has this point -- from "the national journal" -- the story is available online. "the president will have a strong hand to play over what to do about
a good christmas. i'm melissa lee. we're live from the new york stock exchange. jim cramer has the day off. the latest s&p schiller home price report has been released. the results being shown at the bottom of your screen. david blitzer will join us with a closer look at the numbers in just a few minutes. let's get a check on how we're setting up on this day after christmas trading session. the dow looking higher by about 15 points. s&p looking at about two points at the open. european markets closed on this day after christmas. the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of
back to "squawk box." we are just seconds away from weekly jobless claims and rick santelli and jim iuorio are standing by at the cme. you know, rick, whenever anyone compared to the cliff to t.a.r.p. i never really bought that. because t.a.r.p., i mean, the commercial paper markets were freezing up. it was -- i just don't think it's really the same thing, is it? it's not as front and center as that. and i -- we've talked about it so much, it's hard for me to believe the markets could just all of a sudden decide they're going to fall off a cliff like the fiscal cliff itself. what do you think, rick? >> no, i somewhat agree. i think the reason i brought it up, and i think i was one of the first to bring it up is, it just gives you a market impetus to get something done. but i think categorically they're nothing the same. t.a.r.p. was about some real issues. fiscal cliff is about being afraid, i think. >> let's do the numbers. >> 350,000 on initial jobless claims. that is definitely less than we were looking for. it's a dozen less than the revised number you're looking at last week. 3
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